Blockchain technology didn’t explode into the technological world like the internet or AI has – but if you take time to drill into its capabilities and the sort of changes it could enact in our world – there’s an argument that it could be every bit as important and just as influential.
What Is Gaming Technology?
By definition, it covers all of the gaming angles we see in the modern market today: professional video gaming streaming, high-quality, cutting-edge GPUs that can facilitate high-spec gaming, RNG technology in casino gaming, and the increasing use of AI that helps to develop the quality and randomness of gaming worlds, characters, and their storylines in first-person shooter and role-player games. These enhancements resulted in multi-billion dollar gaming franchises discovering their true potential.
Obviously, with this money came more investment and more people looking to make money off the back of surging demand. Just like any industry, it created several splinter divisions, some of which showed initial promise and fizzled out, some that created tremendous opportunities themselves, and some that rushed to market and overplayed their hand.
In truth, it’s the industry’s whole foundation, which is why growing niche areas such as implementing the blockchain into gaming garner so much attention.
The Overlap Of Blockchain & Gaming
Blockchain emerged with almost little to no fanfare – except for ardent crypto enthusiasts and coders mesmerized by its potential. However, it’s not something game designers or companies are to
As with online gaming, the first companies to make inroads into this market were casino gaming platforms—not just those who specialized in designing websites and apps but game designers who were keen to try their hand at designing blockchain gambling platforms.
To better understand why cryptocurrency casinos and gambling platforms have gained such traction, it’s essential to understand the advancements that allow them to flourish. Due to the cryptography and immutable construct of the blockchain, transactions are secure, and they don’t require the sort of oversight a traditional casino does with verifying identities and transactions.
A crypto casino online doesn’t deviate away from the traditional format of the games. Many of the platforms echo the same designs as platforms that have been online for decades. Still, being able to gamble with Bitcoin and other cryptocurrencies means that a new arm of the casino industry has opened up and appeals to a new gambling audience.
By removing any need for a bank to oversee payments, an online crypto casino has taken these new ideas and run with them.
Future Intrigue In Gaming Tech
Cryptocurrency casinos have highlighted the potential for companies looking to use the latest tech and shape it into fresh ideas. The revelations the internet has brought us over the last 30 years have been truly staggering, going from a quirky way for us to check out facts to the modern-day world where you can explore certifications in innovative cloud computing tech. It’s the engine behind the technology that continues to reshape the future of gaming technology and provides a foundation for cryptocurrency and blockchain to thrive.
Blockchain revelations in the early 2010s fascinated many people with its possibilities. Still, it wasn’t until the adoptive use cases—which included casino gaming—that it started to allow its expansion and become a real disruptive innovation in the world of gaming.
Ultimately, interest is derived from how much money the technology is generating. It’s the same with any business. If you or I had a successful business, there would be people looking to jump onto the back of it and find ways to profit from it, too. Although this would obviously be on a much smaller scale – the same mentality applies.
While cryptocurrency might not have the same footing in the market as more traditional assets like stocks, its continued impressive growth over successive 5-year periods has led to Bitcoin reaching all-time highs and some of the world’s biggest companies holding it on their balance sheets.
Summary
It was the best-performing asset of the 2010s and has had a strong start to this decade as well. Although it might be slightly reductive to simply relegate the innovations of the blockchain and correlate them with the price of Bitcoin, this is ultimately where the bulk of the interest comes from. More eyes = more people and more investment.
Gaming companies are more than happy to ride the wave of this, but blockchain has the potential to be a genuine, viable alternative for those who are looking to play a different style of game.
It also is one of the most unexplored areas of the gaming world, and you’d have a difficult time finding any economists or business analysts who believe that the gaming industry isn’t set for continued growth, that is, until, at the very least, the end of this decade.
While no industry is certain to have future success, gaming is one of the strongest arms of the entertainment world, with many of its subsidiary markets also set for significant growth. Often, this is the best benchmark—not just if an industry is performing well but if money is pouring into smaller sectors within it— AI is an excellent example of this.
While blockchain might be considered a niche within the gaming world at the moment, given its potential, this situation could change quickly.
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